Period
to 24 July 2017

The median contractor rate for a RAD Developer was £500 per day in advertised job vacancies in London during the 6 months to 24 July 2017.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Rapid Application Developer (RAD) Developer
England > London
6 months to
24 Jul 2017
Same period 2016 Same period 2015
Rank 554 586 538
Rank change year-on-year +32 -48 +32
Contract jobs requiring a RAD Developer 33 25 68
As % of all contract IT jobs advertised in London 0.079% 0.055% 0.15%
As % of the Job Titles category 0.083% 0.058% 0.15%
Number of daily rates quoted 22 18 59
London median daily rate £500 £500 £450
Median daily rate % change year-on-year -0.05% +11.17% -10.00%
10th Percentile £314 £459 £385
90th Percentile £594 £625 £578
England median daily rate £500 £500 £450
% change year-on-year -0.05% +11.17% -10.00%
Number of hourly rates quoted 0 0 0
London median hourly rate - - -
England median hourly rate - - -

The next table is for comparison with the above and includes summary statistics for all job roles in contract job vacancies advertised in London. Most job vacancies include a discernible job title. As such, the figures in the first row provide an indication of the number of contract jobs in our overall sample.

Contract IT Job Roles
London
Contract job vacancies with a job title containing a recognized job role 39760 43292 44192
As % of all contract IT job vacancies advertised in London 94.96% 95.11% 94.85%
Number of daily rates quoted 28284 31145 30672
London median daily rate £475 £450 £438
Median daily rate % change year-on-year +5.56% +2.86% +2.94%
10th Percentile £305 £288 £263
90th Percentile £650 £638 £638
England median daily rate £440 £425 £400
% change year-on-year +3.53% +6.25% -
Number of hourly rates quoted 515 490 769
London median hourly rate £21.00 £19.00 £19.52
Median hourly rate % change year-on-year +10.53% -2.64% +11.51%
10th Percentile £12.42 £10.75 £11.25
90th Percentile £50.00 £47.28 £53.05
England median hourly rate £18.10 £19.00 £17.50
% change year-on-year -4.74% +8.57% +2.94%

RAD Developer
Job Vacancy Trend in London

Job postings that featured RAD Developer in the job title as a percentage of all IT jobs advertised in London.

Job vacancy trend for RAD Developer in London

RAD Developer
Contractor Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing RAD Developer in London.

Contractor daily rate trend for RAD Developer in London

RAD Developer
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing RAD Developer in London over the 6 months to 24 July 2017.

Contractor daily rate histogram for RAD Developer in London

RAD Developer
Contractor Hourly Rate Trend in London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing RAD Developer in London.

Contractor hourly rate trend for RAD Developer in London

RAD Developer
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing RAD Developer within the London region over the 6 months to 24 July 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Central London +8 2 £575 +7.48%
RAD Developer
England

RAD Developer Skill Set
Top 30 Co-occurring IT Skills in London

For the 6 months to 24 July 2017, RAD Developer contract jobs required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region featuring RAD Developer in the job title.

1 33 (100.00%) RAD
2 31 (93.94%) Front Office
3 30 (90.91%) VBA
4 29 (87.88%) Microsoft Excel
5 27 (81.82%) C#
6 20 (60.61%) SQL Server
7 19 (57.58%) Derivative
8 16 (48.48%) Banking
9 15 (45.45%) Investment Banking
9 15 (45.45%) Mathematics
10 11 (33.33%) SQL
10 11 (33.33%) Degree
11 10 (30.30%) Finance
11 10 (30.30%) Hedge funds
12 9 (27.27%) Spreadsheet
12 9 (27.27%) Fixed Income
12 9 (27.27%) Foreign Exchange (FX)
12 9 (27.27%) Python
13 8 (24.24%) Microsoft
13 8 (24.24%) Computer Science
13 8 (24.24%) Numerate Degree
13 8 (24.24%) Computer Science Degree
14 7 (21.21%) C++
15 6 (18.18%) Oracle
15 6 (18.18%) Microsoft Office
15 6 (18.18%) Risk Management
15 6 (18.18%) Credit Risk
15 6 (18.18%) Market Risk
15 6 (18.18%) Analytical Skills
16 4 (12.12%) Time Management

RAD Developer Skill Set
Co-occurring IT Skills in London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 29 (87.88%) Microsoft Excel
2 9 (27.27%) Spreadsheet
3 6 (18.18%) Microsoft Office
Business Applications
1 3 (9.09%) RMDS
2 1 (3.03%) Orchestrade
Database & Business Intelligence
1 20 (60.61%) SQL Server
2 2 (6.06%) MySQL
3 1 (3.03%) MS Access
3 1 (3.03%) Power BI
General
1 31 (93.94%) Front Office
2 16 (48.48%) Banking
3 15 (45.45%) Investment Banking
4 10 (30.30%) Finance
5 2 (6.06%) French Language
6 1 (3.03%) Legal
Libraries, Frameworks & Software Standards
1 1 (3.03%) REST
Miscellaneous
1 19 (57.58%) Derivative
2 10 (30.30%) Hedge funds
3 9 (27.27%) Fixed Income
3 9 (27.27%) Foreign Exchange (FX)
4 8 (24.24%) Computer Science
5 6 (18.18%) Analytical Skills
5 6 (18.18%) Credit Risk
5 6 (18.18%) Market Risk
6 4 (12.12%) Equities
7 3 (9.09%) Interest Rate Derivative
8 1 (3.03%) Equity Derivative
Processes & Methodologies
1 33 (100.00%) RAD
2 15 (45.45%) Mathematics
3 6 (18.18%) Risk Management
4 4 (12.12%) Time Management
5 3 (9.09%) Asset Management
5 3 (9.09%) Quantitative Research
6 2 (6.06%) Migration
7 1 (3.03%) Business Analysis
7 1 (3.03%) Business Intelligence
7 1 (3.03%) DNA
7 1 (3.03%) Economics
7 1 (3.03%) Financial Modelling
7 1 (3.03%) Mathematical Modelling
7 1 (3.03%) Proprietary Trading
7 1 (3.03%) Prototyping
Programming Languages
1 30 (90.91%) VBA
2 27 (81.82%) C#
3 11 (33.33%) SQL
4 9 (27.27%) Python
5 7 (21.21%) C++
6 2 (6.06%) Go
6 2 (6.06%) Java
7 1 (3.03%) C
Qualifications
1 11 (33.33%) Degree
2 8 (24.24%) Computer Science Degree
2 8 (24.24%) Numerate Degree
3 1 (3.03%) Master's Degree
Vendors
1 8 (24.24%) Microsoft
2 6 (18.18%) Oracle
3 4 (12.12%) Sybase
4 1 (3.03%) Bloomberg
4 1 (3.03%) Reuters
London
AMS contingency
Posted: 7 days ago